Cormark Issues Positive Forecast for Equinox Gold (CVE:EQX) Stock Price

Equinox Gold (CVE:EQX) had its price objective boosted by stock analysts at Cormark from C$9.00 to C$10.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Cormark’s price objective points to a potential upside of 33.25% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. CIBC upped their target price on shares of Equinox Gold from C$8.80 to C$9.50 in a research report on Monday, December 2nd. Royal Bank of Canada cut their price target on shares of Equinox Gold from C$11.00 to C$10.00 in a report on Monday, October 21st. Finally, Scotiabank boosted their target price on Equinox Gold from C$8.50 to C$8.75 in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Equinox Gold currently has an average rating of “Moderate Buy” and an average target price of C$10.03.

Equinox Gold Stock Down 0.9 %

Shares of Equinox Gold stock traded down C$0.07 during trading on Friday, reaching C$7.88. The company had a trading volume of 53,583 shares, compared to its average volume of 153,529. The company has a market cap of C$892.46 million and a price-to-earnings ratio of -43.54. The firm’s fifty day moving average is C$7.88 and its 200-day moving average is C$7.88. The company has a debt-to-equity ratio of 64.28, a quick ratio of 1.11 and a current ratio of 1.94. Equinox Gold has a fifty-two week low of C$4.25 and a fifty-two week high of C$8.90.

Insider Activity at Equinox Gold

In related news, Senior Officer Gordana Vicentijevic sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$7.67, for a total value of C$53,690.00.

About Equinox Gold

Equinox Gold Corp. engages in the acquisition, exploration, and development of mineral deposits. The company's principal properties include the Aurizona project covering a total land package of approximately 223,160 hectares located in Maranhão State, Brazil; and the Castle Mountain property situated in California, the United States.